Penelope is a New York City–based self-service retirement platform serving small and micro businesses. It offers a subscription technology platform that automates employee investing and streamlines costs and paperwork. The platform provides practical savings tools for employees and supports pooled employer plans (PEPs), traditional 401(k)s, and Solo 401(k)s. Penelope helps small businesses comply with state regulations requiring companies with more than five employees to offer qualified retirement plans. The company plans to use the $2.1M pre-seed to build the platform, expand the team, and accelerate customer onboarding. The company is led by CEO and founder Jean Smart.

Total raised

$2M

Funding rounds

1

Latest round

Seed

Latest activity

Mar 2022